10/9/2024, 1:01:03 pm

Allianz to sell stake in Indian road operator Interise to Canada’s Omers

Ontario’s pension fund for local government workers agreed to buy Allianz Capital Partners’ stake in Interise Trust, boosting its exposure to the Indian toll-road business. The deal will see Ontario Municipal Employees Retirement System raise its ownership to 34.8% from the current 21.3%. The transaction “increases Omers’ exposure to India’s economic growth.